Phoenix Financial Ltd. Sells 4,484 Shares of Marsh & McLennan Companies, Inc. $MRSH

Phoenix Financial Ltd. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,437 shares of the financial services provider’s stock after selling 4,484 shares during the period. Phoenix Financial Ltd.’s holdings in Marsh & McLennan Companies were worth $3,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Conning Inc. increased its position in Marsh & McLennan Companies by 17.0% during the 4th quarter. Conning Inc. now owns 23,938 shares of the financial services provider’s stock valued at $4,441,000 after buying an additional 3,476 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at $239,000. Pinnacle Associates Ltd. boosted its stake in Marsh & McLennan Companies by 7.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 10,933 shares of the financial services provider’s stock valued at $2,028,000 after purchasing an additional 734 shares during the last quarter. Allworth Financial LP boosted its stake in Marsh & McLennan Companies by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,050 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 916 shares during the last quarter. Finally, Navalign LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at $35,000. Institutional investors own 87.99% of the company’s stock.

Key Marsh & McLennan Companies News

Here are the key news stories impacting Marsh & McLennan Companies this week:

• Positive Sentiment: Goldman Sachs issued a positive report on Marsh & McLennan, reinforcing constructive Wall Street sentiment toward the stock.
• Positive Sentiment: Analyst estimates and ratings data show a generally optimistic stance on MRSH, despite its underperformance over the past 52 weeks. Article Title
• Neutral Sentiment: Recent earnings were better than expected, with quarterly EPS of $3.29 beating consensus and revenue rising 7.6% year over year, which may help provide support but is not a new catalyst.
• Neutral Sentiment: The stock has underperformed the broader market over the past year, which may limit enthusiasm even as analysts stay upbeat.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $161.07 on Friday. The stock has a market cap of $77.60 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.33 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 1 year low of $158.16 and a 1 year high of $235.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average price of $169.60.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s payout ratio is 45.00%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRSH. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 6th. Bank of America cut their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research note on Tuesday, February 17th. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Mizuho cut their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $205.00.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.